All Employee Benefits articles in Web Issue – Page 360
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Online travel portal launched for public sector staff
Barringtons International has launched a travel portal exclusively for organisations and employees within the public sector.PublicSectorDirect.com will give public sector employees and procurement departments the flexibility to book travel in a convenient way with the potential for savings of up to 58%. The site can be used for both work-related ...
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Queen cancels Christmas party for staff
It is not often that the pomp and circumstance surrounding the royal household is tampered with to save cash.Members of the royal staff, however, will be disappointed to hear the Queen has cancelled their Christmas bash this year.Buckingham Palace told the Financial Times that the royal household was “acutely aware ...
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Friends Provident to acquire Bupa’s UK protection and risk business
Resolution has announced the proposed acquisition of Bupa Health Assurance (BHA) by one of its subsidiaries, Friends Provident Life and Pensions.The sale, subject to regulatory approval, will see BHA become part of Friends Provident.Bupa will now focus on its healthcare business, which includes its health insurance products, while BHA’s group ...
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Dental plans and health and wellbeing
Both employees and companies see a dental plan as a key way of promoting loyalty and increasing employee retention.46% of companies believe that a dental benefit helps retain existing employees and 21% of employees say dental is an important benefit that keeps them loyal to their employer. In fact, dental ...
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Employers fear the removal of the default retirement age will increase legal claims
Nearly half of employers (48%) are concerned the removal of the default retirement age in April will lead to an increase in age-related legal claims, according to research conducted by the Confederation of British Industry (CBI) and recruitment firm Harvey Nash.The Gearing up for growth survey of 330 UK employers ...
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Acorne launches Virgin Experience Days gift card
Acorne has launched the Virgin Experience Days gift card, which provides access to over 600 experiences and special offers.The gift card can be used to pay for multiple experiences and is redeemable online or via a customer services phone line.The card can be loaded with any value from £10 to ...
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EMI Group reaches agreement on pension scheme funding
The trustee of the EMI Group pension fund has reached an agreement with the EMI Group regarding the long-term funding of the scheme, avoiding a hearing before the determinations panel of The Pensions Regulator.A multi-year payment plan has been agreed between EMI and the trustee to provide £197 million in ...
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Cabot Financial staff volunteer for Children in Need
Employee volunteers from Cabot Financial will be manning the phones and taking donations for this year’s Children in Need appeal on Friday19 November.This is the third consecutive year that Cabot Financial has supported the event. Last year more than £220,000 was raised in public donations to the call centre at ...
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Public sector employees would strike to protect pay and pensions
Public sector employees would strike to protect pay and pensions regardless of disruption to public services, according to research from the Chartered Institute of Personnel and Development (CIPD).But its Employee Outlook focus on industrial action found union members are more likely to support strike action against a reduction in pay ...
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Alexander Forbes expands defined benefit pension consulting service
Alexander Forbes has launched an implemented consulting service for defined benefit (DB) pension fund trustees. The service, which was previously only accessible by the largest UK pension schemes, will now be available to DB schemes of all sizes.It provides trustees with real-time advice on strategic and tactical asset allocation, recommendations ...
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Most industrial disputes relate to pay and benefits
More than three quarters of employers are in favour of changing the law to introduce a minimum threshold for industrial action with 47% saying their most recent dispute related to pay and benefits, according to research by DLA Piper.Its survey of 507 employers also showed 13% said their last bout ...
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Young women are not prepared for retirement
More than half of women under 50 admit they are not preparing adequately for retirement, according to research from Scottish Widows.Its annual Women and Pensions report found attitudes to savings and pensions could lead to widespread poverty among future generations.The report found younger women (aged 18 to 29) have typically ...
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Few public sector managers prepared to compromise on pay
Only 15% of public sector managers would accept a pay cut in the run-up to the government's Comprehensive Spending Review, according to research by the Institute of Leadership and Management.Just 4%would be willing to accept flexible working options such as a career break. However, for those who would accept changes ...
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Killik Employee Services and Yorkshire Building Society form partnership
Share plan specialists Killik Employee Services (KES) and the Yorkshire Building Society (YBS) Share Plans have joined forces to create All2gether Better.The partnership combines KES’s experience in supplying bespoke share plan services for executives with YBS’s experience with all-employee plans.All2gether Better is designed to offer share plan participants increased contact ...
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Vail Williams to launch flexible benefits scheme
Vail Williams is to launch a flexible benefits scheme for its 150 employees.Employees will be able to access the scheme, which is provided by Portus Online, in November, before their selections go live in January 2011. Employees will be able to easily access the scheme through an online portal.The real ...
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Centrica, RBS and PWC awarded for work-life balance practices
Centrica, Royal Bank of Scotland and PricewaterhouseCoopers have been recognised for their work-life balance practices by winning Top Employers for Working Families 2010 awards.Twelve organisations were winners with a further 30 recognised for demonstrating outstanding work-life balance practices.The winner for best flexible working was Centrica, with American Express coming in ...
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Goldman Sachs cuts back on bankers' compensation
Investment bank Goldman Sachs has set aside $13.1bn (£8.3bn) for pay and bonuses for the first nine months of 2010.The remuneration pot is 21% smaller than last year when $16.71bn was ear marked for employees' compensation and benefits.The fall in compensation expenditure comes at a time when the bank announced ...
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Carval launches new payroll bureau service
HR and payroll software provider Carval has launched a new payroll bureau service to deliver traditional or secure electronic payslips.The service is aimed at employers that use Carval’s Unistaff HR software. In addition, employees in organisations that use Carval's Employee Self-Service Software will be able to access current and historic ...
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BP links staff bonuses to safety performance
BP is to link staff bonuses directly to safety performance in the last quarter of 2010.BP's chief executive Bob Dudley made the announcement ahead of a review of the BP Group’s reward structure in early 2011.The company previously used a range of criteria to assess variable performance pay, but will ...
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CSR: State pension age to rise to 66 by 2020
The government will save £5 billion a year by increasing the state pension age for both men and women to 66 by 2020.The move announced by Chancellor George Osborne in today's comprehensive spending review will free up cash to create a more generous state pension.Currently the female state pension age ...